Dollar extends losses as Trump crisis fuels fears for agenda

Posted - May 18 201701:15

Share:

"This more detailed release will show how much of the change was due to Easter timing effects (the price of those items affected by the timing of Easter are also included in the ECB's core inflation measure) or whether some pick-up in broader underlying inflation might be emerging", RBC Capital Markets' head of FX strategy Elsa Lignos wrote in a note.

The reports raised questions over whether obstruction of justice charges could be laid against Trump, weakening confidence in the USA president's ability to push through an aggressive stimulus program that investors had been banking on since his election last November.

The turmoil engulfing President Donald Trump's administration spilled into financial markets as USA stocks fell the most since March, measures of volatility spiked higher and Treasuries rallied with gold.

The U.S. dollar index touched its lowest since early November on Tuesday, hurt by weaker-than-expected U.S. housing data and concerns after political turmoil once again hit Washington.

Xiaomi Redmi 4 launched in India in three variants
The phone runs on a Qualcomm Snapdragon 435 processor , an Adreno 505 GPU and is paired with either 2, 3 or 4 GB of RAM. It comes with PDAF (phase detection autofocus) for faster focusing, and supports 1080P full HD video recording.

Stones set to return for Man City's final two games
If it's going to go to tribunal, we don't know what the price is and I think that takes us out of the game. If not, they don't give you a second chance. "It's a risk that, at this moment, is not worth taking".

"The only political calibration the Fed has is how much Trumponomics we were going to get that they can't see yet", Neil Dwane, global strategist at Allianz Global Investors, said in an interview with Bloomberg TV.

US stock market declines picked up in afternoon trading. Even so, USA policymakers "are in the mindset to raise as long as the markets are prepared for it", he said.

It has gained almost 9 percent over the last week though some analysts were skeptical about the durability of the rally despite the proposed supply curbs.

In Asian markets, Japan's Nikkei Stock Average fell 0.53 percent, Hong Kong's Hang Seng Index fell 0.17 percent, China's Shanghai Composite Index declined 0.27 percent and India's BSE Sensex rose 0.25 percent. The U.S. Energy Information Administration is projected to report that crude stockpiles declined by 2.67 million barrels in the week ended May 12, according to a Bloomberg survey of analysts. The MSCI All-Country World Index fell 0.6 percent from a record, with banks having the biggest impact across all regions.

The yen rose to 0.7 percent to 112.26 yen per dollar, its highest level since May 5, while the Swiss franc rose to 0.9820 francs per dollar, its highest since March 27. Gold futures rose 1.8 percent to $1,256.9 an ounce. Futures for the Nasdaq-100 are down 35 points or 0.6%.

Brent crude was up 1.6 percent at $52.49 per barrel, while US light crude rose 1.4 percent to $49.34.

Related news

David Friedman, right, speaks with Aerosmith frontman Steven Tyler during his Monday visit to the Western Wall. It is unclear whether the settlement-friendly Friedman will work out of the US Embassy building in Tel Aviv .

With the formation of the SDF, Washington began channeling more direct support to the anti-IS fighters on the ground in Syria . The Kurdish force is for years Washington's most reliable ally in the region against the Islamic State (IS).

Leaks had indicated the Moto E Plus would come with 5000 mAh battery , and it might weigh 198 grams and could be a bulky phone. The 3G model uses a 1.3GHz32-bit quad-core MediaTek CPU, while the 4G model comes with a 1.1GHz 64-bit quad-core MediaTek.

Elliott has put the cost of unification at $200-million and said BHP's $1.3-billion estimated cost was "flawed and misleading". However, BHP says the costs and associated risks of Elliott's proposal would "significantly outweigh any potential benefits".

The latest teaser about 360 "real-life" recording was an apparent reference to the 3D Audio Recording capability in the phone. To keep the lights on is a 3000mAh battery unit that is equipped with support for Quick Charge 3.0 technology.

The iPad Mini seems to have run its course and the source noted that the sales speak for why Apple would kill it from its product. Enhances compatibility of the Mac App Store with future software updates.

Customs and Border Patrol and the Royal Bahamas Defense Force are part of the search force, the Coast Guard said. Two cutters, a helicopter and an airplane have been dispatched to the area to search for Hellman.

While Republicans have largely avoided the issue on Twitter, Democratic senators were vocal on Monday night about the report. US officials have told Reuters they have always been concerned about disclosing highly classified intelligence to Trump.

At the Internazionali BNL d'Italia in Rome , Britain's Dan Evans fell to a straight sets-defeat to Jiri Vesely in the first round. Thiem felt it was an improvement from Barcelona, but it was still cold comfort as his chances had dwindled in the second set.

Today, we're introducing face filters in the camera, an easy way to turn an ordinary selfie into something fun and entertaining. Snapchat's shares fell 1.5 percent to $20.42 in early trading on Tuesday, while Facebook's shares were little changed.

Microsoft aims to create a more versatile Windows 10
Whichever camp you're in, here's a quick take on the top new features that will show up in Windows 10 Fall Creators Update . Windows 10 S, can only get apps through the store, not directly from third parties such as Apple .

Snap bounces back as big-name funds reveal they own stock
Sumitomo Mitsui Asset Management Company LTD acquired a new stake in shares of Snap during the first quarter valued at $2,119,000. Finally, Jefferies Group LLC initiated coverage on shares of Snap in a research report on Monday, March 27th.

Reynolds, Lively surprise McCarthy on TV show
On Saturday's " SNL " we saw how comedy can humanize our view of a person, as McCarthy turned Spicer into a sympathetic character. The real-life Trump was reportedly upset earlier this year with " SNL " having a woman play his press secretary.

Sen. John Cornyn up for FBI Director Job
John Cornyn wraps up his keynote address to delegates at the Republican Party of Texas convention in Dallas on May 13, 2016. Michael McCaul, R-Austin, the chairman of the House Intelligence Committee who toyed with running against Sen.

First Australian business infected in global cyber attack
The WannaCry malware exploits a vulnerability in Microsoft Windows that was reportedly developed and used by the U.S. Europol says Friday's cyberattack hit 200,000 victims in 150-plus countries and warned there may be many more.